$3.76 Billion in Sales Expected for Marsh & McLennan Companies, Inc. (MMC) This Quarter

Equities research analysts predict that Marsh & McLennan Companies, Inc. (NYSE:MMC) will post sales of $3.76 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Marsh & McLennan Companies’ earnings. The highest sales estimate is $3.80 billion and the lowest is $3.67 billion. Marsh & McLennan Companies reported sales of $3.69 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The company is expected to announce its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Marsh & McLennan Companies will report full-year sales of $14.95 billion for the current year, with estimates ranging from $14.78 billion to $15.02 billion. For the next financial year, analysts forecast that the business will post sales of $15.71 billion, with estimates ranging from $15.39 billion to $15.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Marsh & McLennan Companies.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.45 billion. Marsh & McLennan Companies had a return on equity of 28.72% and a net margin of 10.23%.



A number of brokerages have commented on MMC. Credit Suisse Group began coverage on Marsh & McLennan Companies in a research note on Tuesday, August 7th. They set a “neutral” rating and a $86.00 price objective on the stock. UBS Group reduced their price objective on Marsh & McLennan Companies from $92.00 to $87.00 and set a “neutral” rating on the stock in a research note on Monday, October 15th. Citigroup boosted their price objective on Marsh & McLennan Companies from $94.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, July 12th. Bank of America cut Marsh & McLennan Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $94.00 to $93.00 in a research note on Thursday, July 26th. Finally, Zacks Investment Research upgraded Marsh & McLennan Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $92.45.

In related news, SVP E Scott Gilbert sold 80,646 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $84.64, for a total value of $6,825,877.44. Following the transaction, the senior vice president now owns 123,843 shares in the company, valued at $10,482,071.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.16% of the company’s stock.

Several large investors have recently added to or reduced their stakes in MMC. Verition Fund Management LLC acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth about $285,000. Royal Bank of Canada lifted its stake in shares of Marsh & McLennan Companies by 1.7% in the first quarter. Royal Bank of Canada now owns 367,176 shares of the financial services provider’s stock worth $30,324,000 after acquiring an additional 6,220 shares in the last quarter. CIBC World Markets Inc. acquired a new position in shares of Marsh & McLennan Companies in the first quarter worth about $230,000. Neville Rodie & Shaw Inc. raised its stake in Marsh & McLennan Companies by 42.2% during the second quarter. Neville Rodie & Shaw Inc. now owns 8,530 shares of the financial services provider’s stock valued at $699,000 after buying an additional 2,530 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in Marsh & McLennan Companies by 7.7% during the second quarter. DnB Asset Management AS now owns 90,993 shares of the financial services provider’s stock valued at $7,459,000 after buying an additional 6,500 shares in the last quarter. Institutional investors and hedge funds own 86.09% of the company’s stock.

Shares of MMC traded up $0.23 during midday trading on Wednesday, reaching $81.95. 3,852,442 shares of the company were exchanged, compared to its average volume of 1,901,338. The stock has a market cap of $41.27 billion, a PE ratio of 20.91, a P/E/G ratio of 1.53 and a beta of 0.94. Marsh & McLennan Companies has a 1-year low of $77.11 and a 1-year high of $87.89. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.26 and a quick ratio of 1.46.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 11th will be paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Wednesday, October 10th. Marsh & McLennan Companies’s dividend payout ratio (DPR) is 42.35%.

Marsh & McLennan Companies Company Profile

Marsh & McLennan Companies, Inc, a professional services firm, provides advice and solutions in the areas of risk, strategy, and people worldwide. It operates in two segments, Risk and Insurance Services, and Consulting. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well as insurance, reinsurance broking, catastrophe and financial modeling, and related advisory services.

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